RBL Bank Platinum ShopSmart Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Platinum ShopSmart SuperCard, issued by RBL Bank, is a mid-range credit card designed to add value to everyday spending, particularly focusing on grocery needs. It offers significant savings through cashback, complimentary movie tickets, and domestic airport lounge access. Key differentiating benefits include a substantial 5% cashback on groceries, a monthly 1+1 BookMyShow movie ticket offer, and the unique "Easy Cash" feature allowing unlimited, interest-free ATM withdrawals for up to 50 days (with a processing fee). The card also provides an "Emergency Advance" option to convert the cash limit into a personal loan.

Welcome Benefits

• Receive a gift voucher worth INR 500 upon payment of the annual fee and making spends of INR 2,000 within 30 days of card issuance.
• No welcome rewards will be provided for First Year Free cards.

Fees

• Joining Fee: INR 499 plus Goods and Service Tax (GST).
• Annual Fee: INR 499 plus Goods and Service Tax (GST).
• Spend-Based Waiver: The second year annual fee of INR 499 will be reversed if you spend INR 50,000 or more in a year.
• Cash Advance Charges: A processing fee of 2.5% (minimum INR 500) is applicable for unlimited ATM withdrawals using the "Easy Cash" feature.
• Interest Rates:
  • For "Emergency Advance" (converting cash limit to a 3-month personal loan), an interest rate of 1.16% per month is levied, with no processing fee.
  • "Easy Cash" ATM withdrawals offer an interest-free period of up to 50 days (until your next billing date).

Rewards

• Cashback:
  • Earn 5% cashback on all grocery spends, capped at INR 250 per month.
  • Cashback will be credited in the form of reward points.
  • Receive an additional cashback of INR 1,000 when your annual spends exceed INR 1,00,000 within one year.
• Movies:
  • Get a 1+1 BookMyShow offer on movie tickets, with a maximum discount of INR 200, available on any one day of the month.
  • The annual value of this movie benefit is estimated at INR 2,400.
• Lounge Access:
  • Enjoy 2 complimentary visits per year to domestic lounges at major airports across India.
  • There is a maximum limit of 1 complimentary airport lounge access per calendar quarter.
  • To unlock lounge access for the subsequent quarter, you must make spends of INR 15,000 or more in the preceding calendar quarter (excluding rental spends).
  • Important Note: Lounge benefits for this card will be discontinued effective July 01, 2025.
• Loan Benefits:
  • Utilize the "Emergency Advance" feature to convert your available cash limit into a 3-month personal loan at an interest rate of 1.16% per month, without any processing fee.
• ATM Benefits:
  • Avail unlimited and interest-free withdrawals from all ATMs in India for a maximum period of 50 days (up to your billing date). A processing fee of 2.5% (minimum INR 500) is applicable.
• Annual Benefits Value: The total estimated annual benefits are INR 10,400+/-, broken down as follows:
  • Welcome Gift: INR 500
  • 5% cashback on Grocery Spend (up to INR 250 per month): INR 3,000
  • Cashback of INR 1,000 on spending INR 1,00,000 within one year: INR 1,000
  • BookMyShow offer (1+1 Movie tickets up to INR 200): INR 2,400
  • 2 Complimentary Domestic Airport Lounge Access in a year: INR 3,000
  • Spend Based Waiver (INR 50,000 in a year for next year Annual Fee waiver): INR 500

Rewards Redemption Guide

• Cashback can be redeemed on rblrewards.rbl.bank.in.
• The 1+1 BookMyShow movie offer can be availed by applying it under the offers/discounts section on the BookMyShow checkout page. Cardmembers need to enter their card details and expiry date. This offer cannot be combined with any other offers.

Card Eligibility Criteria

• Documents Required:
  • Identity Proof: Driving License, Passport, Aadhaar card.
  • Proof of Address: Ration Card, Passport, Voter ID, Aadhaar card.
  • Income Proof: Form 16, IT Returns, Salary Slip.
  • The bank may request additional documents beyond those listed.
• Credit Limit: The credit limit for the card is determined by the bank based on factors such as your credit score, credit utilization ratio, and past repayment habits.

Card Review

The RBL Bank Platinum ShopSmart SuperCard is well-suited for individuals who frequently spend on groceries and enjoy movies, offering substantial savings in these categories. The card's "Easy Cash" and "Emergency Advance" features provide flexibility for immediate financial needs. However, potential applicants should be aware that the domestic lounge access benefit will be discontinued from July 01, 2025, which might reduce its appeal for frequent travelers. Additionally, certain transaction categories do not earn reward points or are not eligible for product terms modifications, which could limit overall reward accumulation for some spending patterns.

Important Product Details

• Positive Highlights:
  • Offers a high 5% cashback on all grocery spends, capped at INR 250 per month.
  • Provides a welcome gift of INR 500 voucher/cashback on meeting initial spend criteria.
  • Includes a valuable 1+1 BookMyShow movie ticket offer (up to INR 200) available monthly.
  • Features 2 complimentary domestic airport lounge accesses per year (1 per quarter), subject to a spend of INR 15,000 in the preceding quarter.
  • Allows for the waiver of the second year's annual fee upon spending INR 50,000 annually.
  • Provides an "Emergency Advance" facility to convert the cash limit into a 3-month personal loan at a competitive interest rate of 1.16% per month with no processing fee.
  • Enables unlimited interest-free ATM withdrawals for up to 50 days (a processing fee applies).
  • Offers an additional INR 1,000 cashback for annual spends exceeding INR 1,00,000.
• Negative Highlights:
  • The complimentary domestic lounge access benefit will be discontinued effective July 01, 2025.
  • A processing fee of 2.5% (minimum INR 500) is charged for "Easy Cash" ATM withdrawals.
  • Transactions made on categories such as Education, Insurance, Utilities, Rent Payments, Wallet Load, Fuel & Auto, Quasi-Cash, Railways, Real Estate, Service Providers, Government Services, Contracted Services, Bills2pay, EMI, Miscellaneous & Cash are not eligible for reward points or product terms modifications, effective from October 15, 2024.

Other Details

• The card is marketed as having the "power of four cards in one."
• All offers and benefits are subject to specific terms and conditions.
• Cashback earned on grocery spends is credited in the form of reward points.
• Detailed Most Important Terms and Conditions (MITC), Schedule of Charges, and Cardmember Agreement are available on the RBL Bank website.
• Categories and Merchant Category Codes (MCCs) for ineligible transactions are defined as per VISA & Mastercard guidelines.